Pavilion Hilltop

Property Insight

Pavilion Hilltop is an ongoing development in the vicinity of Mont Kiara. This residential development has already been commenced this year and were expected to be completed by August 2017. The Tower A of this freehold condominium was launched in April 2013 and was fully sold out within the next two months and currently Tower B is up for sale. Almost 40% of the second block have been booked and some buyers are even registering themselves for the third phase which would be launched on early next year.

Pavilion Hilltop is expected to have a gross development value of RM1.18 billion with a launch price which begin from RM900 psf. So each unit in this development are priced between RM1 million to RM2 million. A total of 621 units are available for the whole project, whereby Tower A has 221 units, Tower B has 232 units and Tower C has 168 units. The built-up of the units in both Tower A and Tower B varies between 1,200 sq ft and 1,830 sq ft. Meanwhile, units in Tower C are expected to reach up to 2,800 sq ft built-up. The floor plan for Tower C is yet to be released since its launching are scheduled for next year.

Besides providing the basic facilities, the developers also offers additional facilities which will provide high conveniences for the residents. Buggy services are also provided to ensure that no cars would be used within the compound and to maintain the place as a car free zone. There are also ample of amenities in the surrounding of Pavilion Hilltop such as Plaza Mont Kiara Mall, Publika Mall, Solaris @ Mont Kiara, Plaza Damas Mall, 1 Mont Kiara Mall, Mont Kiara International School, French International School, Garden International School, Taylor's College, KLCC, Royal Palace, MATRADE Centre, Kuala Lumpur Court House, National Science Centre, Bukit Kiara Equestrian Club and Kuala Lumpur Golf and Country Club.

Analysis

Pavilion Hilltop is a proud project of Permata Cermat, a joint venture project between Pavilion Group and Kuwait Finance House.Pavilion Group is the renowned developer of the Pavilion KL Mall and currently they are also building another mall in Bukit Jalil. As for now, the developers are offering 5% special rebate, DIBS during construction period, free legal fee in SPA and loan documents, free stamp duty for loan documents, free 1 year service charge, partially furnished with fiber-optic and Astro Beyond.

In terms of investment, Pavilion Hilltop is suitable as it is located within the vicinity of Greater Kuala Lumpur and currently the property market in Mont Kiara are doing pretty well. The first phase of this development are a hit and the remaining phases are also expected to be like hot cakes as it's not only a suitable place to invest, but it's also suitable to settle down. Mont Kiara is well known for it's sophisticated residents, whereby mostly are expats. Located nearby to several international schools and malls, the value of this property will be stable and provide the residents more than what they bargained for.